XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES    
Net income $ 1,301,069 $ 1,108,774
Depreciation and amortization 126,653 150,734
Deferred income taxes 850,783 727,248
Changes in operating assets and liabilities:    
Accounts and notes receivable (584,302) (327,304)
Inventories (11,773) (85,690)
Prepaid expenses (222,612) (228,566)
Other assets (267,172) (381,558)
Accounts payable and accrued expenses (22,831) (86,254)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,169,815 877,384
INVESTING ACTIVITIES    
Purchase of property and equipment (6,712) (13,715)
NET CASH USED IN INVESTING ACTIVITIES (6,712) (13,715)
FINANCING ACTIVITIES    
Payment of cumulative preferred dividends (74,047) (74,318)
Payment of principal outstanding under prior bank loan 0 (3,575,000)
Payment of principal outstanding of officer loan 0 (1,255,821)
Net proceeds from new bank loan 0 4,812,457
Payment of principal outstanding under new bank loan (937,500) (416,667)
Payment of alternative minimum tax 0 (34,515)
Proceeds from the exercise of employee stock options 17,425 18,200
NET CASH USED IN FINANCING ACTIVITIES (994,122) (525,664)
DISCONTINUED OPERATIONS    
Payment of obligations from discontinued operations (191,094) (408,533)
Decrease in cash (22,113) (70,528)
Cash at beginning of period 144,354 233,296
Cash at end of period 122,241 162,768
None.    
Cash paid for interest $ 123,209 $ 207,123